On Friday, Vipshop stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest runs.
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Is Vipshop Stock A Buy?
Vipshop stock retook its 200-day moving average, but is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could kick off a new climb.
While the Chinese online retailer's top line growth fell last quarter from -2% to -8%, earnings-per-share grew -11%, up from -26% in the previous report.
Vipshop stock holds the No. 3 rank among its peers in the Retail-Internet industry group. Pinduoduo and JD.com are among the top 5 highly rated stocks within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
